Medicare Supplement Plans in Nebraska
Medicare Supplement plans in Nebraska help cover out-of-pocket costs that Original Medicare does not pay for, such as copays and coinsurance. Additionally, they may provide coverage for excess charges or travel emergencies outside the country.
Various elements, including age, gender, state, and insurance provider, can affect the cost and access to a Medigap plan. In Nebraska, these plans are regulated by state laws and an appointed insurance commissioner.
For Nebraska residents looking for a Medigap plan, it is critical to consider the many factors affecting its affordability and availability.
Key Takeaways:
- There are ten Medigap plans available to choose from.
- Medigap Plan G is the most popular plan in the state.
- Plan G premiums range from $101 to $382 per month.
- In Nebraska, Allstate Health Solutions offers the most competitively priced Plan G.
What’s the Most Popular Nebraska Medigap Plan in 2023?
Medigap Plan F and Plan G are the two most well-liked plans in Nebraska.
However, changes have been put in place as of 2020, disallowing new Medicare recipients from enrolling in Plan F. In fact, Plan F has the highest number of enrollees, with over 76,300 beneficiaries. If your Medicare start date comes after 2020, you won’t be able to purchase Plan F.
Plan G has now become the new popular choice with over 87,600 enrollees. Plan N comes in second with over 5,600 enrollees among new beneficiaries. The less popular plans are as follows: Plan K has 176 enrollees, Plan L has 326 enrollees, Plan A has 346 enrollees, and Plan C has 1,592 enrollees.
Check out our Medicare Supplement Plans Comparison Chart for a more detailed understanding of these plans.
Who Has the Cheapest Medigap Rates in Nebraska?
Allstate Health Solutions has the most competitively priced Plan G in Nebraska, but it’s important to compare Medicare Supplement providers before making a final decision.
Before choosing a provider, it’s crucial to evaluate and compare their coverage benefits and drawbacks.
We’ve created a chart comparing Allstate to other providers in Nebraska to simplify your decision-making process:
| Company | AM Best Rating | Plan G Rates | Plan N Rates | HDG Rates | Plan F Rates |
|---|---|---|---|---|---|
| Allstate Health Solutions | A+ | $101.42 | $76.67 | n/a | $122.20 |
| SBLI USA Life Insurance Company, Inc (Prosperity) | A- | $112.68 | $80.02 | n/a | $117.35 |
| American Home Life Insurance Company | B++ | $113.03 | $82.46 | n/a | $135.66 |
| American Benefit Life Insurance Company | A- | $114.81 | $83.92 | n/a | $139.95 |
| Humana Insurance Company | A- | $116.23 | $87.88 | $39.81 | $137.09 |
| Omaha Supplemental Insurance Company | A+ | $120.19 | $86.34 | $40.24 | $154.10 |
| Ace Property and Casualty Insurance Company | A++ | $120.83 | $92.42 | $48.42 | $140.50 |
| Manhattan Life Assurance Company | B++ | $123.08 | $86.33 | n/a | $149.67 |
| Medico Life and Health Insurance Company (Preferred) | A | $123.25 | $93.94 | $41.08 | $144.14 |
| United States Fire Insurance Company | A | $125.50 | $79.58 | $38.00 | $147.25 |
| Continental Life Insurance Company of Brentwood, Tennessee (Aetna) | A | $126.28 | $89.46 | n/a | $156.94 |
| Elips Life Insurance Company | A | $126.75 | $94.92 | $49.42 | $150.33 |
| Capitol Life Insurance Company | A- | $127.28 | $92.75 | n/a | $161.02 |
| AFLAC | A+ | $127.74 | $94.63 | n/a | $152.54 |
| Philadelphia American Life Insurance Company | A- | $127.79 | $113.55 | $37.27 | $174.04 |
| Union Security Insurance Company | B++ | $150.43 | $112.54 | n/a | $191.46 |
| Cigna Health & Life Insurance Company | A | $169.28 | $115.97 | $60.97 | $193.69 |
| United American Insurance Company | A | $191.00 | $176.00 | $35.00 | $235.00 |
| Guarantee Trust Life Insurance Company | A- | $191.46 | $146.58 | n/a | $238.00 |
What Is the Cost of Medigap Plans in Nebraska?
Allstate Health Solutions offers some of the most affordable Medigap plans. For Plan N, the monthly premium is only $76.67, while Plan G is available at just $101.42 per month, and Plan F is at a competitive price of $117.35 per month.
If you’re seeking a cost-effective High Deductible Plan G, United American Insurance Company provides coverage for as low as $35 per month.
It’s important to note that the monthly premium may vary based on your provider and their rating criteria.
Do Medigap Plans Have Deductibles?
Medigap plans may include deductibles, co-payments, and coinsurance expenses, similar to other insurance policies. The deductible is the amount you must pay out-of-pocket for medical expenses before your Medigap plan starts covering its share of the costs. Not all Medigap plans have a deductible.
The 2023 deductible amount for High Deductible Plan G and High Deductible Plan F is $2,700.
Most Medicare Supplement insurance plans cover at least 50% of the Part A deductible. Additionally, all Medicare Supplement insurance plans provide 100% coverage for your Part A coinsurance and hospital costs for an additional 365 days after your Medicare benefits are exhausted.
It is crucial to fully understand the details of your Medigap policy, including the potential presence of a deductible, its amount, and how it functions.
What Percentage of People Have Medigap?
According to a report by America’s Health Insurance Plans (AHIP), 54% of Original Medicare enrollees in the United States chose to enroll in Medigap insurance in 2020.
This significant percentage highlights the importance of Medicare Supplemental Insurance (Medigap) for many beneficiaries as it covers expenses that traditional Medicare does not, giving them assurance about their healthcare expenses.
Ready to Enroll?
To secure the best price for your Medicare Supplement insurance, it’s advisable to purchase a plan promptly after enrolling in Parts A and B of Medicare. To sign up for a Medigap plan, you can reach out to one of our agents and confirm if you’re in your Open Enrollment Period or have guaranteed issue rights.
Then, fill out the application and select the day you want your policy to begin.
Our team specializes in assisting Medicare beneficiaries in navigating their Medicare insurance choices. We collaborate with some of the country’s highest-rated Medigap providers to ensure you receive excellent service.
Contact us today to discover more or request a quote online.
Frequently Asked Questions:
These plans typically range from $35 to $382 per month, but some providers may offer more expensive plans that provide additional coverage.
Mutual of Omaha has provided excellent customer service and competitively priced Medicare Supplement insurance plans in Nebraska for many years. Allstate Health Solutions also offers some of the most affordable Medigap plans.
Plan G in Nebraska has an average premium range of $101-$208 monthly.
Article Resources:
- Types of Medigap Plans
- How Much Do Medigap Plans Cost?
- When Can I Apply for a Medicare Supplement Plan?
- How Do I Enroll in a Medigap Plan?
- When Can I Change Medigap Plans?
- Can I Be Denied Medigap Coverage?
- CMS Medicare Services
- Nebraska Medicare Supplement Info
- Nebraska Senior Health Insurance Program
Disclaimer:
Average quotes are for sample purposes only. Actual premiums are based on several factors, including health conditions, age, location, tobacco status, gender, and insurance provider.
